Listed by Stonecliff
$10,000,000
7-Eleven - Premont, TX
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 5,356
Units 1
Cap Rate 5.5%
NOI $550,000
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/24/2040
Remaining Term 14.5
Rent Bumps Yes
Lease Options 5, 5-Year Options
Price per SqFt $1,867
Year Built 2025
Acreage 1.960
Investment Type Net Lease
Lease Commencement 11/25/2025
Ground Lease No
BRAND NEW CONSTRUCTION | 5.50% CAP | 5,356 SqFt
Investment highlights
- Brand new 15-year absolute NNN lease with 10% rental increases every five years
- Strategically positioned along U.S. Highway 281 (13,300 VPD) with nearby connectivity to South Broadway Street (14,600)
- Less than 1 mile from Premont ISD’s K-12 campuses, service approximately 782 students across the district
- Part of the broader Corpus Christi-Kingsville-Alice Combined Statistical Area with a population exceeding 470,000 residents
Listing Contacts
Listed by Stonecliff
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$550,000.00
$45,833.33/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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